Carolina Panthers trade QB Teddy Bridgewater to Denver Broncos for sixth-round draft pick

Teddy Bridgewater is on the move again.

The Carolina Panthers traded the quarterback to the Denver Broncos on Wednesday for a sixth-round pick, Bridgewater’s agent, Kennard McGuire, confirmed to USA TODAY Sports.

It will mark Bridgewater’s fifth NFL stop since he was drafted out of Louisville by the Minnesota Vikings in 2014 with the 32nd pick of the first round.

Bridgewater, 28, made a remarkable comeback after suffering a career-threatening knee injury in 2016. He went undefeated in five starts with the New Orleans Saints in 2019 while subbing for an injured Drew Brees, which led to a free agent move to Carolina in 2020.

Charles Strum, Versatile Editor for The Times, Dies at 73

Whether overseeing the paper’s night operations, a regional bureau or the obituaries, he was known for his calmness under deadline pressure.

By Richard Sandomir

LIVE: Fed Chair Jerome Powell speaks

New York (CNN Business)The Federal Reserve said Wednesday the US economy is growing stronger, but it left interest rates unchanged near zero.

Interest rates will stay the range of zero to a quarter of a percent until the Fed’s goal of maximum employment and inflation of about 2% over the longer term.
To ensure the economy stays on track, the central bank will continue with its monthly asset purchases, consisting of at least $80 billion in Treasury securities and $40 billion mortgage-backed securities.

Even though investors are growing nervous that the reopening of the economy could lead to a sudden spike in inflation that could force the Fed to raise rates sooner, the central bank has been steady in its view that rate increases wouldn’t happen anytime soon.

The Fed said it is “prepared to adjust the stance of monetary policy as appropriate if risks emerge.”

But the Fed’s steady course might be a mistake, said Veteran investor and Allianz chief economic advisor Mohamed El-Erian on CNN Business’ “Markets Now” live show earlier Wednesday.
The central bank should slowly start tapping on the brakes by cutting back on its bond purchases and raising rates, so that it doesn’t have to slam the brakes when the economy is overheating, El-Erian said.

Even though the Fed says inflation is only temporary as the economy get back up and running, recent economic data says otherwise, he added.
A press conference with Fed Chairman Jerome Powell is scheduled for 2:30 pm ET.

Denver Post staff predictions: Who should, who will Broncos draft in first round – The Denver Post

Sean Keeler

Mark Kiszla

Kyle Newman

Ryan O’Halloran

Manager Michael Klein Joins Magnolia Entertainment

EXCLUSIVE: Management and production company, Magnolia Entertainment, has added manager Michael Klein to further expand its literary division, and its international client roster and production activities. Klein’s clients include filmmakers, Evil Eye directors Rajeev & Elan Dassani,  Never Back Down director Kellie Madison, Loteria writer Felipe Vargas, Oscar nominated animator/director, Javier Recio Gracia and Korean production company Zanybros.

“We are thrilled with Michael’s joining Magnolia. He brings years of management and production expertise to the Company, as well as further extending Magnolia’s deep interests in artists and productions which are culturally rich and diverse.  Michael’s international clients are an excellent complement to Magnolia’s roster and we are thrilled to welcome him to the company,” said Magnolia’s CEO, Shelley Browning.

Magnolia Entertainment’s client list include Dev Patel, Rachel McAdams, Joel Kinnaman, Rosamund Pike, Bill Skarsgard director Daniel Espinosa and director Tarik Saleh, among others.

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Brazil's public debt rises to new high 5.24 trillion reais -Treasury

BRASILIA, April 28 (Reuters) – Brazil’s federal public debt rose 0.85% in March from the month before to a fresh record high 5.24 trillion reais ($972 billion), the Treasury said on Wednesday, adding the total domestic debt stock rose 0.7% to 4.99 trillion reais.

The Treasury also said its liquidity cushion, essentially an emergency cash buffer, surged 20% in nominal terms to a new high of 1.12 trillion reais, while the average cost of servicing the public debt stock fell to a new low of 7.64%.

LIVE Updates: Federal Reserve decision, Powell presser

Fed Reserve Board Chair Jerome Powell holds news conference -FBN

Fed Reserve Board Chair Jerome Powell holds news conference following a closed 2-day meeting of the Federal Open Market Committee.

U.S. stocks seesawed after the Federal Reserve left interest rates near zero and as Chairman Jerome Powell addresses the financial markets.

Policymakers did note, despite the ongoing vaccine rollout, the virus remains a wildcard. "The ongoing public health crisis continues to weigh on the economy, and risks to the economic outlook remain" the statement read. 

THE FED AND YOUR MONEY

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